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- U.S. consumer sentiment improves more than initially estimated in September
U.S. consumer sentiment improves more than initially estimated in September
The final
reading for the September Reuters/Michigan index of consumer sentiment came in
at 93.2 compared to a preliminary reading of 92.0 and the August final reading
of 89.8.
Economists had
forecast the index to be unrevised at 92.0.
According to
the report, the index of the current economic conditions increased to 108.5
from August’s final reading of 105.3.
Meanwhile, the
index of consumer expectations recovered to 83.4 from August’s final reading of
79.9.
“The consumer
sentiment continued to post small increases throughout September due to more
favorable income trends, especially among middle-income households”, the report
noted. It added, however, that “despite the high levels of confidence,
consumers have also expressed rising levels of economic uncertainty. Some of
these concerns are rooted in partisanship, some due to conditions in the global
economy (Brexit, Iran, Saudi Arabia, China), and some are tied to domestic
economic policies.”
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